Agency probes banks’ role in escrow scandal

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Tanzania probes banks over escrow scandal
www.worldbulletin.net
The Tanzanian authorities are investigating banks linked to the fraudulent transfer of some $120 million of public funds to a private energy firm in a scandal known locally as the "Tegeta Escrow Account." "My agency is carrying out investigations as directed by ...

>Last week the State House released a statement saying President Jakaya Kikwete would deal with the Tegeta Escrow  Account issue this week. The statement came out as concerns mount on the State House’s silence on the matter.

The African Trade Insurance (Ati) agency has a bigger role to play for business growth, participants in an Ati meeting have said.

Prime Minister Mizengo Pinda could be the highest placed state official to pay the price of the Sh306 billion Tegeta escrow scandal that has captured national attention in recent months.

>Plans are reportedly underway to compel three officials to sacrifice their positions in order to save the government from crumbling under the weight of the Escrow scandal.

News has been abound this week about the IPTL, an energy entity, and the escrow account and all the now scandalous paint it has showered on the country, but especially the government.

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Tanzanian minister resigns over escrow scandal
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Tanzanian minister resigns after $120 million of public funds were transferred to a private energy firm. World Bulletin / News Desk. Tanzanian Minister for Energy and Minerals Sospeter Muhongo resigned from his post on Saturday over the fraudulent transfer ...
Tanzanian energy minister quits over corruption scandaldunyanews.tv (press release) (blog)
Tanzania's Energy Minister Sospeter Muhongo quits over...

>Mwalimu Nyerere’s widow, Mama Maria Nyerere, yesterday urged Parliament to exhaustively debate the Tegeta escrow account  scandal.

IPPmedia
Handing over Escrow scandal accounts to PM challenged
IPPmedia
Five non-parliamentary political parties have challenged the Prevention and Combating of Corruption Bureau (PCCB)'s decision to hand over to the National Assembly the investigation report on Sh300 billion Tegeta Escrow accounts scandal to Prime ...
CAG escrow report handed over to Prime MinisterDaily News

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